Financial Crime

Financial crime is defined as crime that is specifically committed against property. These crimes are almost always committed for the personal benefit of the criminal, and they involve an illegal conversion of ownership of the property that is involved.

Source: complyadvantage.com

Authorities Investigating Dutch Ties To Billions In Laundered Money
Authorities Investigating Dutch Ties To Billions In Laundered Money
March 06, 2019  |  Security & Fraud

Dutch prosecutors are investigating whether banks in the country were part of a huge money laundering operation in Russia, according to a report by Reuters....

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Ex-Barclays Execs Accused Of Concealing £322 In Qatar Fees
Ex-Barclays Execs Accused Of Concealing £322 In Qatar Fees
January 23, 2019  |  Security & Fraud

Four former high-ranking bank officials at Barclays have been accused of hiding 322 million pounds ($420 million) in payments to Qatar in exchange for investing...

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Estonian Parliament Rejects Portion Of Anti-Money Laundering Proposal
Estonian Parliament Rejects Portion Of Anti-Money Laundering Proposal
January 17, 2019  |  Regulation

Estonia, a country embroiled in a money laundering scandal involving a small branch of Denmark’s Danske Bank, has rejected a critical part of proposed anti-money...

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Best Of 2018 Data Drivers: Fraudsters, Gig Workers And B2B By The Numbers
Best Of 2018 Data Drivers: Fraudsters, Gig Workers And B2B By The Numbers
December 24, 2018  |  Data Drivers

Data is valuable. But only in context, because data can tell a story, or stories, worthy of examination. Several times throughout the year we offer...

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Denmark Demands Danske Bankers ‘Be Held Accountable’
Denmark Demands Danske Bankers ‘Be Held Accountable’
December 20, 2018  |  Security & Fraud

Denmark wants the former Danske Bank employees who were recently arrested to “be held accountable” for their actions. Earlier this week, eight people in Estonia...

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Senators Call For Deutsche Investigation
Senators Call For Deutsche Investigation
December 14, 2018  |  Security & Fraud

Two senators are calling for a banking committee investigation of Deutsche Bank’s compliance with U.S. safeguards against money laundering. According to Bloomberg, Senator Elizabeth Warren...

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Vocalink: Freezing Mule Accounts With AML Tech
Vocalink: Freezing Mule Accounts With AML Tech
December 14, 2018  |  Security & Fraud

Whoa, mule. Pay.UK’s Faster Payments team said this week that it is deploying technology powered by Mastercard’s Vocalink, which uses machine learning and other advanced...

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Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
December 14, 2018  |  Bank Regulation

 Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime.  In an interview with PYMNTS, DLA Regulatory...

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Ex-Deutsche Bank AML Official Targeted In Probe
Ex-Deutsche Bank AML Official Targeted In Probe
December 10, 2018  |  Security & Fraud

Prosecutors in Frankfurt, Germany have targeted a former anti-money laundering official at Deutsche Bank in a probe regarding the suspicion of money laundering, Reuters reported...

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